After we issue you (and your family) residence visas or grant you permits under the Migrant Investment Policy, there are some requirements that you will have to meet. These are requirements under section 18A of the Immigration Act 1987 – we call them 'Section 18A requirements'.
Retain your funds in acceptable investments
You need to retain your investment funds in an acceptable investment in New Zealand. The investment period is three years for Investor Plus (Investor 1 Category) residents and four years for Investor (Investor 2 Category) residents. The investment period begins from the date you complete the investment of your nominated investment funds. However, if your investment funds are already in acceptable investments in New Zealand at the date we approve your application in principle, the investment period commences from that date.
You may change your investments during the investment period provided your investment funds continue to meet all requirements for acceptable investments.
Meet the requirements for minimum time spent in New Zealand
As the principal applicant you must meet the requirements for minimum time spent in New Zealand for each year (excluding the first year) of your investment period:
- Investor (Investor 2 Category) – 40 percent of each of the final three years of the four-year investment period (146 days per year)
- Investor Plus (Investor 1 Category) – 20 percent of each of the final two years of the three-year investment period (73 days per year).
Your family need to come to New Zealand within 12 months of being issued a residence visa, or their residence will lapse.
Tell us if your New Zealand address changes
Because we need to contact you at several stages of this process, you need to let us know of any changes to your contact details.
Two years after you have invested your funds in New Zealand
We will write to you three months before the second anniversary of your investment period to remind you to provide evidence that you have:
You must provide this evidence within three months after the second anniversary of your investment period.
When you have satisfied us that you have met these requirements and you have held a residence permit at least two years earlier, you and your family members included in your application will be eligible for a subsequent returning resident’s visa (RRV). This will be valid for up to two years.
If you do not satisfy these requirements, your residence permit may be revoked under section 20(1)(d) of the Immigration Act 1987.
End of investment period
We will write to you three months before the end of your investment period to remind you to provide evidence that you have:
- retained acceptable investment(s) in New Zealand for the remaining time of your investment period (see evidence you have retained acceptable investment)
- spent the required time in New Zealand in the remaining time of your investment period.
When you have satisfied us that you have met these requirements you will be eligible for an indefinite returning resident’s visa(s) for yourself and your family members included in your application.
If you do not satisfy these requirements, your residence permit may be revoked under section 20(1)(d) of the Immigration Act 1987.